IRS Offer in Compromise Help

IRS Offer in Compromise Solutions

Need help with an IRS Offer in Compromise? Our tax agents can assist you in negotiating down your tax debt with an IRS Offer in Compromise.

Call us now: (561) 237-5443

IRS debt has to be dealt with in one way or another. Before the problem gets to a point where the IRS is garnishing your wages or levying your bank account, it’s best to take care of it proactively. In most cases, back tax debt is taken care of with an installment agreement. Some times, you may want to consider an IRS offer in compromise. An offer in compromise allows you to settle your tax debt for a much smaller amount than you owe. These are not approved in most cases so you need to be careful when trying to submit one to the IRS.

An IRS offer in compromise is when you make an offer to the IRS for less. You are agreeing to pay off the debt right away in exchange for a reduced settlement amount. When you submit your offer in compromise, you need to submit a payment of twenty percent with the proposal. Then, you need to make the other four payments over a specified period of time. In many cases, you have already made all of these payments before even knowing if you are going to be approved or not. There are hardship programs which allow you to spread these payments out over a longer period of time but they are tough to get approved for as well. Your best bet when trying to submit an IRS offer in compromise is to retain the services of a tax professional.

As stated before, an IRS offer in compromise will be denied in most cases. The IRS has a certain amount of time in which to collect the tax debt from you and they will not approve an offer in compromise if they believe they will be able to get more money from you at a later date. Unless you have a disability or your income potential has greatly decreased in the most recent years, the IRS is not likely to approve your offer in compromise.

Get IRS Offer in Compromise Help Now

Our team of tax professionals is waiting for your call. You can speak with us about your options in regards to your IRS debt. During our comprehensive initial interview, we will discuss your IRS problem, determine the best course of action in your case and work with you to take care of your IRS problem as quickly as possible.

You can call us at (561) 237-5443 or fill out and submit the form below.